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Yolanda Smith Realty Group's MARKET UPDATE PARADISE VALLEY, AZ

· Current Real Estate Market Conditions for Single Family Homes · Trends in Pricing · Current Levels of Supply and Demand · Value Metrics

· Report for the week of August 20, 2012

· Presented by Yolanda Smith Realty Group Yolanda Smith Realty Group www.YSRealty.com 602-740-4770

Powered by Altos Research LLC | www.altosresearch.com | Copyright ©2005-2010 Altos Research LLC


City Overview

Single Family Homes in

PARADISE VALLEY, AZ

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

This Week

Real-Time Market Profile

The median list price in PARADISE VALLEY, AZ this week is $1,995,000. The 245 properties have been on the market for an average of 234 days.

$ 1,995,000

Average List Price

$ 2,599,914 ±+

Average Days on Market (DoM)

234

±+

Inventory of Properties Listed

245

≠≠

Most Expensive Listing

$ 20,000,000

Least Expensive Listing

$ 13,000

Average Age of Listing

23

Percent of Properties with Price Decrease

29 %

Percent Relisted (reset DOM)

n/a

Percent Flip (price increased)

5%

Median House Size (sq ft)

5593

Median Lot Size

Supply and Demand

±+

$ 377

Asking Price Per Square Foot

Inventory has been lightening lately and the Market Action Index has been trending up. These are mildly positive indications for the market.

Trend

Median List Price

10 - 20 acres

Median Number of Bedrooms

4.0

Median Number of Bathrooms

5.0

Altos Research Value Statistics

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Market Action Index

Strong Buyer's

17.1

==

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

Trend Key:

±+

== Strong upward trend ≠≠ Strong downward trend = Slight upward trend ≠ Slight downward trend

No change

Characteristics per Quartile Quartile

Median Price

Sq. Ft. Lot Size

Beds

Baths

Age Inventory New

Absorbed

DOM

Top/First

$ 4,495,000

9471 10 - 20 acres

5.0

7.0

6

61

2

3

296

Most expensive 25% of properties

Upper/Second

$ 2,495,000

6011 not available

5.0

6.0

13

61

3

9

232

Upper-middle 25% of properties

Lower/Third

$ 1,495,000

4544 10 - 20 acres

4.0

4.0

27

61

1

3

227

Lower-middle 25% of properties

Bottom/Fourth

$ 886,000

3156 10 - 20 acres

4.0

3.0

41

62

4

3

182

Least expensive 25% of properties

Page 2 of 6

Monday August 20, 2012


Single Family Homes in

City Overview

PARADISE VALLEY, AZ

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Median Price The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

7-day Average

90-day Average

Quartile Prices Prices have settled at a price plateau across the board. Prices in all four quartiles are basically mixed. Look for a persistent shift (up or down) in the Market Action Index before prices move from these current levels.

First/Top

Page 3 of 6

Second/Upper

Third/Lower

Monday August 20, 2012

Fourth/Bottom


Single Family Homes in

City Overview

PARADISE VALLEY, AZ

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Price per Square Foot The market plateau is seen across the price and value. The price per square foot and median list price have both been reasonably stagnant. Watch the Market Action Index for persistent changes as a leading indicator before the market moves from these levels.

7-day Average

90-day Average

Inventory of Properties Listed for Sale Inventory has been falling in recent weeks. Note that declining inventory alone does not signal a strengthening market. Look to the Market Action Index and Days on Market trends to gauge whether buyer interest is changing with the available supply.

7-day Average

Page 4 of 6

90-day Average

Monday August 20, 2012


Single Family Homes in

City Overview

PARADISE VALLEY, AZ

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Market Action Index The PARADISE VALLEY market is currently quite strongly in the Buyer's Advantage zone (below 30). The 90-day Market Action Index stands at 17.07. With several months of inventory available at the current sales rate, buyers should find ample choice.

90-day Average

Buyers/Sellers Cutoff

Market Action Index per Quartile Not surprisingly given the overall Market Action Index, all quartiles are in the Buyer's Market zone with several months of inventory given the current rate of demand for homes in the quartile. Watch the quartile for changes before the overall market shifts. Often one end of the market (e.g. the low end) will improve and signal a strengthening market before the whole group changes.

First/Top

Second/Upper

Third/Lower

Fourth/Bottom

Buyers/Sellers Cutoff Residential house prices are a function of supply and demand, and market conditions can be characterized by analyzing those factors. Watch this index for sustained changes: if the index falls into the Buyer’s Advantage zone (below 30) for a long period, prices are likely in for a downward correction.

Page 5 of 6

Monday August 20, 2012


Single Family Homes in

City Overview

PARADISE VALLEY, AZ

Yolanda Smith | ydsmith@gmail.com | 602-740-4770

Days on Market The properties have been on the market for an average of 234 days. Half of the listings have come newly on the market in the past 161 or so days.

7-day Average

90-day Average

Days on Market per Quartile It is not uncommon for the higher priced homes in an area to take longer to sell than those in the lower quartiles.

First/Top

Page 6 of 6

Second/Upper

Third/Lower

Monday August 20, 2012

Fourth/Bottom


Yolanda Smith Paradise Valley Market Report for 08/20/12